How withholding tax on interest expenses is set
01 April 2005
Interest on loans entered into by a foreign head office and
allocated to a Russian permanent establishment (PE) is
considered to be sourced from Russia under most double tax
treaties (DTTs) concluded by Russia. Therefore such interest is
subject to Russian withholding tax (WHT) at the rate of 20%.
This rate is reduced to 0% under most DTTs (Russia's treaties
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